Tax Cheat?

Did the Big Lug Nut under report his income?

According to records released, Culver and wife, Mari, reported a total income of $126,745 in 2009. That included $117,668 in wage and salary income.

However, the Governor's salary is $130,000.

He must have arrived at that figure by factoring in his 10% (?) cut.

We were advised last fall -- Because Culver’s salary is set by law, his pay cut will take the form of a reimbursement. He will collect his full pay, but write a check to the state.

Which means his income should have been reported as $130,000.

Can you say audit?

Tax returns were also released for former Governor Terry Branstad and this headline is just a little bit off...

Election win would mean pay cut for Branstad

The article mentions a big pay cut if he succeeded in again being elected governor based on his salary as president of Des Moines University. He resigned from that job in October.

The big pay cut came after his last check from DMU and the scientific community is united in that fact.